Key Highlights

S$49 billion¹

Sustainable Living trend-aligned (SL) portfolio as at 31 March 2026, up S$3 billion year-on-year

S$5 billion

SL investments during the year

Luminace

A North American developer and owner of distributed energy assets that provides decarbonisation-as-a-service solutions to commercial, industrial, public sector, and community solar customers

PCG Power

A China-based company focused on investment management and operations for distributed clean energy systems

Emerald Global Water Fund II

A fund focused on early- to growth-stage companies advancing solutions in infrastructure and business resilience, advanced treatment, reuse, digital monitoring, prediction, automation, and emerging contaminants across the water value chain

Samsara Eco

An Australian-based biotech company using an AI-powered enzyme platform to create circular materials

ABC Impact

An Asia-focused private equity firm dedicated to generating positive, measurable social or environmental impact alongside compelling risk-adjusted returns

Green Investments Partnership

A blended finance partnership under Singapore’s Financing Asia’s Transition Partnership

CLIMATE

Net Zero by 2050

Catalysing climate action through three key pathways:

Investing for a Low‑Carbon Economy

Encouraging Decarbonisation Efforts in Our Portfolio Companies

Enabling Carbon Markets Solutions

21 million
tCO₂e

Total Portfolio Emissions ² remained flat for the year ended 31 March 2026

62%

Reduction in Portfolio Carbon Intensity (PCI) from 2010 levels

30%

Reduction in Portfolio Weighted Average Carbon Intensity (WACI) from the year ended 31 March 2022³

Refreshed our baseline climate scenario to 2.4°C, reflecting the delay and divergence in global climate policies

Entered into a Memorandum of Understanding to pilot the central procurement of voluntary Sustainable Aviation Fuel through Singapore Sustainable Aviation Fuel Company Ltd.

Signed a Statement of Support with the Transition Credits Coalition, signalling our intent to be constructively engaged for potential offtake of transition credits

NATURE

Conducted a heatmap assessment to understand the potential exposure of our investments to sectors with financially material impacts and dependencies on nature

ENGAGING OUR PORTFOLIO COMPANIES

We continue to strengthen the resilience of our Singapore-based Temasek Portfolio Companies (TPCs)

Launched the TPC Ecosystem Workforce Artificial Intelligence (AI) Fluency Programme to elevate workforce AI fluency
Convened TPC CEOs and Sustainability Leaders to advance discussions on climate adaptation and resilience

COLLABORATIONS

We collaborate across sectors and borders on initiatives that mobilise capital, advance standards, and foster innovation

Launched two reports outlining business and investment opportunities at the intersection between AI and sustainability

The Private Capital Opportunity in AI‑Enabled Climate and Sustainability Sectors

The Dual Transition

¹ Made up of listed and unlisted investments aligned with the Sustainable Living trend; and excludes other assets and liabilities.
² Total Portfolio Emissions reflect the absolute emissions (Scope 1 and Scope 2) associated with our investment portfolio, expressed in tonnes of carbon dioxide equivalent (tCO₂e). Our investment positions in private equity funds, credit, and other assets are excluded.
³ First year of reporting for WACI.

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Key Highlights

S$49 billion¹

S$5 billion